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Sunday, 13 October 2013

SRS - Closing status 11 October

Invested into Tee International 5 lots in this week before it went XD on 9 October. It has been paying an increasing dividend every year. Dividend rate for 2013 at $0.0315 which translates to a yield of 9.3% on the last closing price this week of $0.34 (year 2012 : dividend rate $0.0235, yield 6.9%; year 2011 : dividend rate $0.0225, yield 6.6%; year 2010 : dividend rate $0.022, yield 6.5%; year 2009 : dividend rate $0.012, yield 3.5%).

Added CM Pacific 9 lots in this week under SRS portfolio, bringing my total holding in it at 12 lots.  Its 3Q2013 to be announced some time 4th week of Oct'13 is likely to mirror previous quarter performance.  It is unlikely l have enough time to divest my shareholding in it in order to collect its dividend in advance so l will be keeping as passive income stream for now.  It goes XD on 18 October.

Added AIMS AMP Industrial Reit 7 lots in this week but have decided to divest away 10 lots of it away in the same week.  l have remaining 4 lots of it now under SRS portfolio.  Have achieved $253 nett gain on the 10 lots divested away.  For its next dividend payment it is likely to XD in the 1st week of Nov'13 and payment date in the 2nd or 3rd week of Dec'13.  l have estimated its dividend rate same as last year at $0.025 so, on 10 lots l would be getting dividend amount $250 = 10 lots x dividend rate $0.025.  The nett gain $253 amount is par to the estimated dividend amount $250 and l have already collected it in advance.

I have actively started using SRS funds for stock investing since Sept'2011 and l have already locked-in $11,391 realized gain.  In Nov'13 and Dec'13 l am expecting to receive dividends amounting to $751.  Current SRS contribution cap is $12,750 and within 2 years and 2 months (Sep'11-Dec'13) l will achieve realized gain of $12,142 (locked-in realized gain $11,391 + dividends in Nov'13/Dec'13 $751).  Something like, invest for two years and getting one year of SRS contribution cap amount free.  And the amount deposited into SRS account with the bank allows one to claim for tax relief.


Portfolio walk since previous posting :-

+$7,646 Total Returns as of 4 Oct

+$253 Gain on sales of AIMS AMP

+$626 Unrealised positions improved

+$8,524 Total Returns as of 11 Oct

previous posting :- SRS - Closing status 4 Oct

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